The last few years have brought to light that investors should not sleep on agriculture and its ability to profit. Farmland all across the United States has seen an increase in purchases, and that trend will continue in 2024 as more farms are put up for sale, inflation concern rises and alternative assets are in high demand.
Across the country and even the globe, there is continued population growth while reducing the amount of farmland. For so many decades, historic farmland has been sold to developers for suburban development and construction building, without regard for the damage it has done to the local agricultural economy. This trend continues today, but investors are looking to keep these farms in their current state instead of flipping them into subdivisions. These farms are needed and substantial for economic purposes and can be profitable throughout the fiscal year. This means that an asset of this nature will become more valuable as it becomes rarer in communities everywhere.
One of the biggest concerns manufacturers have faced over the last year is inflation in costs and supplies in all industries. As a farmer, supplies look much different, and growing crops does not have the same impact as investing in manufacturing companies. The attraction to farmland investment is safer for investors, and they can reasonably expect a more significant return on their investment in agriculture.
